What is One Cash finance (ONC) | What is ONC token

Our project on the Basis protocol is about to go live, it is based on the fork of BasisCash . This project is set up for bolder experiments on the model of Basis protocol.

Although the initial OneCash are very similar to BasisCash, with the gradual realization of improvements , OneCash will become the most daring and innovative experimental project for the Basis protocol.

Different

• **One Cash/One Share/One Bond **token
• Canceled the distribution of the initial five staking centralized stablecoin pools
• The deployer will mint 1000 One Cash and 1 One Share as initialization, and pair 200 One Cash and 1 One Share with Dai to start liquidity
• Rebase once every 8 hours
• The upper limit of each rebase is 10%
• The threshold for rebase is 1.02
• One Share max cap is 100000
• 90,000 will be linearly distributed to the One Cash-DAI LP pool within 6 months
• 10,000 will be linearly distributed to the One Share-DAI LP pool within 6 months
• More experimental features will be applied to the OneCash project every week

Start time and Proposal

Start time

• The project will start at Fri, 25 Dec 2020 08:00:00 GMT.
• One Cash-DAI LP stake pool and One Share-DAI LP stake pool will be available at the start time.
• The first rebase will happen at Fri, 26 Dec 2020 08:00:00 GMT.
• Timeclock is set to 1 day.
• All smart contract code is open source.

Proposal under discussion

Improvement Proposal #1

• What stake in boardroom change from One Share to One Share-DAI LP

Improvement Proposal #2

• Which stake in boardroom is locked for a periodof epochs(maybe 1 day)
• Reward which from boardroom is locked for a periodof epochs(maybe 1 day)

Improvement Proposal #3

• The bond has a maximum time limit for redemption, and it will be invalid if it expires.
• The bond must be locked for a period of time before it can be redeemed

Improvement Proposal #4

• Bond set minimum purchase value(maybe 50% cash)

Improvement Proposal #5

• Set the maximum number of bonds to be purchased, increasing according to the duration of deflation

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